Market Cap: $3.4699T 0.900%
Volume(24h): $145.2709B 18.480%
Fear & Greed Index:

64 - Greed

  • Market Cap: $3.4699T 0.900%
  • Volume(24h): $145.2709B 18.480%
  • Fear & Greed Index:
  • Market Cap: $3.4699T 0.900%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to cancel Bybit leverage

To cancel leverage on Bybit, navigate to the Trading Terminal, access the Position Panel, select the position, adjust leverage to "0x," confirm with a password, and monitor position closure.

Nov 13, 2024 at 03:46 pm

How to Cancel Bybit Leverage

Bybit, a prominent cryptocurrency exchange, offers leverage trading to its users, allowing them to amplify their profits (or losses) by trading with borrowed funds. However, it's crucial to manage leverage cautiously, and understanding how to cancel it is essential for responsible trading.

Steps to Cancel Leverage on Bybit:

1. Log into Your Bybit Account:

  • Visit the Bybit website and enter your email address and password to access your account.
  • Ensure you have two-factor authentication (2FA) enabled for enhanced security.

2. Navigate to the Trading Terminal:

  • From the homepage, click on "Trade" in the top menu bar.
  • Select the appropriate trading pair (e.g., BTC/USDT) on the left-hand side.
  • The trading terminal will display the order book, chart, and order entry fields.

3. Access the Position Panel:

  • At the bottom of the trading terminal, you will see the "Positions" panel.
  • This panel displays information about your current open positions, including leverage ratio, liquidation price, and margin balance.

4. Select the Position to Cancel:

  • If you have multiple open positions, identify the one you wish to cancel.
  • Click on the position to highlight it.

5. Adjust Leverage:

  • Below the selected position, you will see the "Leverage" field and a slider.
  • Drag the slider to "0x" to cancel the leverage completely.
  • You can also enter "0" directly into the leverage field.

6. Confirm Cancellation:

  • After adjusting the leverage to "0x," click on the "Close" button to confirm the cancellation.
  • A confirmation dialogue box will appear.
  • Enter your password to authorize the cancellation.

7. Monitor Position Closure:

  • Once you confirm the cancellation, the position will start closing.
  • You can track the progress in the "Positions" panel.
  • The position will be fully closed when it reaches the liquidation price or when the price moves in your favor.

Additional Considerations:

  • Canceling leverage does not guarantee profit or prevent losses.
  • It's advisable to cancel leverage when the market is moving against your position to minimize potential losses.
  • Always use leverage responsibly and within your risk tolerance.
  • Consider using trailing stop-loss orders to mitigate risk and manage your open positions effectively.
  • If you encounter any difficulties during the cancellation process, contact Bybit customer support for assistance.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Related knowledge

What are the tiered margin rules for CoinEx contracts?

What are the tiered margin rules for CoinEx contracts?

Jun 11,2025 at 04:35pm

What are the Tiered Margin Rules for CoinEx Contracts?CoinEx, a well-known cryptocurrency exchange, offers a variety of derivative products, including futures contracts. One key aspect that traders must understand before engaging in leveraged trading is the tiered margin system. This system helps manage risk by adjusting the required maintenance margin ...

How is the liquidation price of CoinEx contract calculated?

How is the liquidation price of CoinEx contract calculated?

Jun 11,2025 at 01:42am

Understanding the Basics of Liquidation Price in CoinEx ContractsThe liquidation price is a critical concept for traders engaging in futures contracts on platforms like CoinEx. It refers to the specific market price at which a trader’s position will be automatically closed by the system due to insufficient margin. This mechanism protects both the trader...

How to withdraw the profit in CoinEx contract account?

How to withdraw the profit in CoinEx contract account?

Jun 11,2025 at 05:29pm

Understanding CoinEx Contract AccountsTo effectively withdraw profits from a CoinEx contract account, it's essential to first understand what a contract account is. In the context of cryptocurrency derivatives trading, a contract account refers to a specialized wallet or balance segment used for holding funds allocated specifically for futures or perpet...

Gate.io contract trading introduction: practical guide to leverage and risk control

Gate.io contract trading introduction: practical guide to leverage and risk control

Jun 11,2025 at 02:08am

Understanding Gate.io Contract TradingGate.io is one of the leading cryptocurrency exchanges offering a wide range of trading options, including contract trading, also known as futures trading. This feature allows traders to speculate on the price movement of cryptocurrencies without owning the underlying asset. It's especially popular among experienced...

Binance Futures Opening and Closing: The Difference between Counterparty Price and Limit Price

Binance Futures Opening and Closing: The Difference between Counterparty Price and Limit Price

Jun 10,2025 at 05:35am

What Is Binance Futures?Binance Futures is a popular trading platform that allows users to trade cryptocurrency futures contracts. These contracts enable traders to speculate on the future price of cryptocurrencies such as Bitcoin, Ethereum, and many others without actually owning the underlying asset. One of the key features of Binance Futures is its o...

Binance Spot Trend Trading: A Method of Profiting by Following the Trend

Binance Spot Trend Trading: A Method of Profiting by Following the Trend

Jun 10,2025 at 06:08pm

Understanding the Basics of Binance Spot Trend TradingSpot trend trading on Binance involves buying and selling cryptocurrencies directly, rather than through futures or options. The core idea is to identify and follow ongoing market trends — either upward (bullish) or downward (bearish). Unlike scalping or day trading, which focus on short-term price f...

What are the tiered margin rules for CoinEx contracts?

What are the tiered margin rules for CoinEx contracts?

Jun 11,2025 at 04:35pm

What are the Tiered Margin Rules for CoinEx Contracts?CoinEx, a well-known cryptocurrency exchange, offers a variety of derivative products, including futures contracts. One key aspect that traders must understand before engaging in leveraged trading is the tiered margin system. This system helps manage risk by adjusting the required maintenance margin ...

How is the liquidation price of CoinEx contract calculated?

How is the liquidation price of CoinEx contract calculated?

Jun 11,2025 at 01:42am

Understanding the Basics of Liquidation Price in CoinEx ContractsThe liquidation price is a critical concept for traders engaging in futures contracts on platforms like CoinEx. It refers to the specific market price at which a trader’s position will be automatically closed by the system due to insufficient margin. This mechanism protects both the trader...

How to withdraw the profit in CoinEx contract account?

How to withdraw the profit in CoinEx contract account?

Jun 11,2025 at 05:29pm

Understanding CoinEx Contract AccountsTo effectively withdraw profits from a CoinEx contract account, it's essential to first understand what a contract account is. In the context of cryptocurrency derivatives trading, a contract account refers to a specialized wallet or balance segment used for holding funds allocated specifically for futures or perpet...

Gate.io contract trading introduction: practical guide to leverage and risk control

Gate.io contract trading introduction: practical guide to leverage and risk control

Jun 11,2025 at 02:08am

Understanding Gate.io Contract TradingGate.io is one of the leading cryptocurrency exchanges offering a wide range of trading options, including contract trading, also known as futures trading. This feature allows traders to speculate on the price movement of cryptocurrencies without owning the underlying asset. It's especially popular among experienced...

Binance Futures Opening and Closing: The Difference between Counterparty Price and Limit Price

Binance Futures Opening and Closing: The Difference between Counterparty Price and Limit Price

Jun 10,2025 at 05:35am

What Is Binance Futures?Binance Futures is a popular trading platform that allows users to trade cryptocurrency futures contracts. These contracts enable traders to speculate on the future price of cryptocurrencies such as Bitcoin, Ethereum, and many others without actually owning the underlying asset. One of the key features of Binance Futures is its o...

Binance Spot Trend Trading: A Method of Profiting by Following the Trend

Binance Spot Trend Trading: A Method of Profiting by Following the Trend

Jun 10,2025 at 06:08pm

Understanding the Basics of Binance Spot Trend TradingSpot trend trading on Binance involves buying and selling cryptocurrencies directly, rather than through futures or options. The core idea is to identify and follow ongoing market trends — either upward (bullish) or downward (bearish). Unlike scalping or day trading, which focus on short-term price f...

See all articles

User not found or password invalid

Your input is correct